Crocs, Inc. (NASDAQ:CROX) EVP Sells $1,600,350.00 in Stock

Crocs, Inc. (NASDAQ:CROX) EVP Adam Michaels sold 15,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the completion of the transaction, the executive vice president now owns 89,323 shares in the company, valued at approximately $9,529,870.87. This trade represents a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Crocs Trading Down 1.2 %

CROX opened at $107.60 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.18 and a quick ratio of 0.70. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 1.83 and a beta of 1.93. The firm has a 50 day simple moving average of $105.39 and a 200 day simple moving average of $118.75. Crocs, Inc. has a fifty-two week low of $88.25 and a fifty-two week high of $165.32.

Crocs (NASDAQ:CROX) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.25. Crocs had a net margin of 23.16% and a return on equity of 46.27%. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current year.

Institutional Investors Weigh In On Crocs

Several large investors have recently bought and sold shares of CROX. Arrowstreet Capital Limited Partnership increased its stake in Crocs by 1,516.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,326,564 shares of the textile maker’s stock valued at $145,299,000 after purchasing an additional 1,244,480 shares in the last quarter. Pacer Advisors Inc. increased its stake in Crocs by 39.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,037,121 shares of the textile maker’s stock valued at $223,126,000 after purchasing an additional 577,467 shares in the last quarter. Norges Bank bought a new stake in Crocs in the fourth quarter valued at approximately $62,221,000. Altshuler Shaham Ltd increased its stake in Crocs by 30,778.0% in the fourth quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker’s stock valued at $50,055,000 after purchasing an additional 455,515 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Crocs by 49.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,308,402 shares of the textile maker’s stock valued at $143,309,000 after purchasing an additional 429,994 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

CROX has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Crocs from a “buy” rating to a “hold” rating in a research report on Thursday. Monness Crespi & Hardt dropped their target price on shares of Crocs from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays dropped their target price on shares of Crocs from $125.00 to $122.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Loop Capital downgraded shares of Crocs from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $110.00 in a research note on Thursday, November 7th. Finally, KeyCorp dropped their target price on shares of Crocs from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Crocs Company Profile

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.